ReutersRelated
By Paul Jarvis
GameStop Corp.‘s momentous rally came to a halt Thursday as online trading platforms like Robinhood Markets stopped clients from purchasing its shares.
The shares erased an earlier rally and fell as much as 28% to $249.73 at 9:00 a.m. in New York after clients of Robinhood reported that they were unable to trade high-flying stocks, including GameStop and AMC Entertainment Holdings Inc.
Those stocks and others are “not supported” on Robinhood, according to a note on at least one of its platforms Thursday. On Wednesday, Charles Schwab Corp.’s TD Ameritrade also curtailed transactions on GameStop, AMC and other securities.
GameStop had surged more than 40% earlier, momentarily pushing the stock above $500.
GameStop Corp.‘s momentous rally came to a halt Thursday as online trading platforms like Robinhood Markets stopped clients from purchasing its shares.
The shares erased an earlier rally and fell as much as 28% to $249.73 at 9:00 a.m. in New York after clients of Robinhood reported that they were unable to trade high-flying stocks, including GameStop and AMC Entertainment Holdings Inc.
Those stocks and others are “not supported” on Robinhood, according to a note on at least one of its platforms Thursday. On Wednesday, Charles Schwab Corp.’s TD Ameritrade also curtailed transactions on GameStop, AMC and other securities.
GameStop had surged more than 40% earlier, momentarily pushing the stock above $500.
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5 Comments on this Story
 | Kate Moore50 minutes ago WHY? |
| Anirudh Sisodia55 minutes ago Haha! now manipulators are crying about manipulation. |
| Snrj Investment Academy56 minutes ago Brokerages and trading platforms should not be allowed to control what investors buy or sell.Clear manipulation from the side of trading platforms .The news of it may be funded by the so called expert hedge funds who has been beaten badly by the new generation of smart retail investors. |
